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[hfe_template id='11223'] [ad_1] The Bank of Japan is likely to keep interest rates steady and cut its growth forecasts on Thursday, as uncertainty surrounding U.S. tariffs clouds the outlook for the world's fourth-largest economy. But the central bank is likely to project inflation to stay roughly on course to hit its 2% target in coming years, a sign that risks from U.S. tariffs might only delay, not derail, its rate hike plans. At the two-day meeting ending on Thursday, the BOJ is widely expected to keep short-term interest rates steady at 0.5%. Given growing headwinds from higher U.S. tariffs, the board is likely to slash its economic growth forecasts in a quarterly outlook report due after the meeting. In current forecasts made in January, the BOJ expects the economy to expand 1.1% in the fiscal year ending March 2026, followed by 1.0% growth in the next fiscal year. Live Events While the board may also cut its core consumer inflation forecasts, it will like...

[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened higher for the second consecutive day on Tuesday, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment. The BSE Sensex was trading 405 points, or 0.51%, higher at 80,612. The Nifty50 was up 120 points, or 0.49%, trading at 24,449 around 9:23 am. Among the Sensex constituents, IndusInd Bank, Tata Motors, Axis Bank, Reliance Industries, SBI, Bharti Airtel, and Tata Steel were the top gainers, rising up to 2% in early trade. On the flip side, Sun Pharma, Power Grid, Bajaj Finance, and Nestle India opened lower. U.S. Treasury Secretary Scott Bessent said on Monday that many top trading partners had made "very good" tariff proposals, with a potential deal with India expected soon. He indicated that an agreement could be finalised this week or next. Meanwhile, U.S. Commerce Secretary Howard Lutnick stated t...

[hfe_template id='11223'] [ad_1] As financial markets try to move past tariff fears, attention turns to what China will do to buffer its economy and how corporate America and business activity globally is holding up. The International Monetary Fund and World Bank Spring meetings take place in Washington meanwhile against a backdrop of increased concern about U.S. isolationism. Here's the low-down on the week ahead in world markets from Rae Wee in Singapore, Lewis Krauskopf in New York and Dhara Ranasinghe, Yoruk Bahceli and Karin Strohecker in London. 1. HUNKERING DOWN China sets its benchmark lending rates on Monday at a time when investors are bracing for more monetary easing from Beijing to help offset the headwinds from hefty U.S. tariffs on the world's second-largest economy. Some analysts expect a reduction in one-year and five-year loan prime rates, which would mark the People's Bank of China's first cut since October last year. Tariffs between t...

[hfe_template id='11223'] [ad_1] Market veteran Dipan Mehta has raised a red flag, drawing parallels between the current global economic landscape and the 2008 global financial crisis, citing rising trade tensions, volatility, and the looming threat of a worldwide recession. In an interaction with ETNow, Mehta cautioned investors to brace for turbulent times and adopt a capital protection strategy over aggressive buying. “There are lots of shades of 2008 over here and it seems like season two of the global financial crisis,” Mehta remarked, emphasizing that the present environment is characterized by intense volatility and complete uncertainty on how tariff-related developments will unfold globally. According to him, the likely outcome is “very softer growth over the next few quarters, globally at least, and that is going to have an effect on India as well.” The paralysis of global trade, as Mehta described it, is eerily similar to the financial system freeze witnessed d...

[hfe_template id='11223'] [ad_1] PayPal shares fell 4% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating U.S.-Europe trade tensions and potential tariffs. Uncertainty over tariffs and mounting trade actions have unsettled global markets, causing volatility, straining supply chains and shifting investor sentiment across industries. Earlier this week, U.S. President Donald Trump said larger tariffs could be placed on the European Union and Canada if they both work together "to do economic harm to the USA". "In the case of digital service providers, there is also a huge economic interest on the part of U.S. companies," said Bernd Lange, the head of the European Parliament's international trade committee. "In this respect, you can also look at charging fees on PayPal or Google." If imposed, the measures would pose a new challenge for the payments sector, which is t...

[hfe_template id='11223'] [ad_1] Brokerage firm CLSA has decided to reverse its earlier move from India to China, citing growing concerns over China’s economy and investor sentiment. This change comes after Rs 1.2 lakh crore in foreign institutional investor (FII) outflows from India in recent months, which has affected the Indian market. CLSA notes that Chinese equities have faced a series of setbacks, described as a "misfortune in threes." The brokerage firm points to a resurgence of trade tensions, particularly under a "Trump 2.0" scenario, which could escalate the trade war at a time when exports have become a major key driver to China’s economy. Additionally, CLSA believes that the stimulus measures announced by China’s National People’s Congress (NPC) are not enough to stimulate growth. "The NPC stimulus amounts to de-risking with little reflationary benefit," it says. Furthermore, the firm points to the rising U.S. yields and inflatio...